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Wednesday, May 07, 2014 - 10.00 GMT

Sri Lanka to achieve Per Capita Income goal US$ 4,000 before target year - Treasury Secretary

 

Sri Lanka will able to achieve its target of a per capita income of USD 4,000 by 2015, one year before the target estimate. Stating this, Secretary to the Ministry of Finance, Dr P B Jayasundara said this achievement is due to the unprecedented progress in the economy.

It was earlier estimated that the planned target of US$ 4,000 could be achieved in 2016.

Finance Ministry Secretary Dr. P.B. Jayasundera revealed this while addressing a conference of senior officials participated in the Colombo Process.

The Colombo Process comprises of 11 countries that export manpower and the ember nations are Afghanistan, Bangladesh, China, India, Indonesia, Nepal, Pakistan, Philippines, Sri Lanka, Thailand and Vietnam.

According to the CBSL report, Sri Lanka’s per capita income has increased USD 3,280 in 2013 while it had been USD 2,922 in 2012.

During the event, Dr. P.B. Jayasundera further added that in 2014 Sri Lanka’s per capita income would rise to around USD 3,800 and to around USD 4,400 by next year.

He expressed his belief that by 2016 Sri Lanka could increase its per capita income to a target of around USD 5,000.

Sri Lanka had earlier planned to increase the per capita income to USD 4,000 by 2016.

Dr Jayasundara said that three important international events were held in Sri Lanka in recent times and that reflects the free and peaceful situation prevalent in the country.


 

 

 
 
   
   
     
   
   

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Last modified: May 07, 2014.

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